Primary-sourced research on Marvell Technology, Inc. (NASDAQ: MRVL)https://mrvl-research.pages.dev/https://mrvl-research.pages.dev/00_index/https://mrvl-research.pages.dev/00_index/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/00_overview/https://mrvl-research.pages.dev/01_company/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/board_governance/https://mrvl-research.pages.dev/01_company/board_governance/Board composition, committees, compensation philosophy, and recent governance updatesTue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/esg_governance/https://mrvl-research.pages.dev/01_company/esg_governance/Deep dive into Marvell's environmental targets, supply chain sustainability, board diversity, executive pay structure, and shareholder voting outcomes. Assesses alignment with investor ESG expectations.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/leadership/https://mrvl-research.pages.dev/01_company/leadership/Current executive officers with tenure, background, and primary sources; historical co-founder profiles (Sutardja, Dai) included for governance contextWed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/legal_contingencies/https://mrvl-research.pages.dev/01_company/legal_contingencies/Analyst-grade research on Marvell Technology's legal proceedings, patent litigation history, acquisition IP risks, and regulatory exposures as of Q3 FY2026.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/m_and_a_history/https://mrvl-research.pages.dev/01_company/m_and_a_history/Major acquisitions from 2001–2026: rationale, valuation, and integration outcomesWed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/structure_filings/https://mrvl-research.pages.dev/01_company/structure_filings/Incorporation, subsidiaries, fiscal calendar, and key regulatory filingsTue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/01_company/timeline/https://mrvl-research.pages.dev/01_company/timeline/Chronological company milestones from founding through 2026-04-29Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/00_overview/https://mrvl-research.pages.dev/02_technology/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/conference_calendar/https://mrvl-research.pages.dev/02_technology/conference_calendar/Tier-ranked forward calendar of conferences relevant to Marvell's custom-silicon, optical-interconnect, and hyperscaler-signal thesis.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/foundry_relationships/https://mrvl-research.pages.dev/02_technology/foundry_relationships/Marvell's fabless foundry strategy across TSMC, Samsung, GlobalFoundries, and advanced-packaging partners.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/management_interviews/https://mrvl-research.pages.dev/02_technology/management_interviews/Catalog of YouTube, podcast, webcast, and print Q&A appearances by Matt Murphy, Willem Meintjes, Chris Koopmans, Sandeep Bharathi, and other Marvell executives, with synthesis of recurring themes.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/optical_interconnect_roadmap/https://mrvl-research.pages.dev/02_technology/optical_interconnect_roadmap/PAM4 pluggable optics, coherent DCI, and co-packaged optics roadmap from 800G through 3.2T.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/papers_and_conferences/https://mrvl-research.pages.dev/02_technology/papers_and_conferences/Catalog of Marvell's peer-reviewed paper output, investor-day decks, and conference presence (OFC, ECOC, Hot Chips, COMPUTEX) 2023-2026.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/patent_velocity/https://mrvl-research.pages.dev/02_technology/patent_velocity/Analysis of Marvell's annual patent filing velocity (USPTO/EPO/WIPO 2018–2026 YTD), topical concentration shifts, top-cited patents, conference publications, and patent-as-asset valuation against thesis of continuing innovation leadership in optical DSP and plasmonic modulation.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/patents_ip/https://mrvl-research.pages.dev/02_technology/patents_ip/Strategic IP areas relevant to Marvell's AI infrastructure and optical interconnect roadmaps.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/platform_overview/https://mrvl-research.pages.dev/02_technology/platform_overview/Long-form synthesis of Marvell's silicon platform DNA — Cavium → Inphi → Innovium → Celestial AI → Polariton — DPU, PAM4, coherent, custom AI, photonic-fabric, and POH foundations.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/polariton_acquisition/https://mrvl-research.pages.dev/02_technology/polariton_acquisition/Marvell's 2026 acquisition of Polariton Technologies AG and its plasmonic-organic-hybrid modulator IP.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/02_technology/product_portfolio/https://mrvl-research.pages.dev/02_technology/product_portfolio/Five primary product groups serving hyperscale data centers, cloud providers, and telecom infrastructure.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/00_overview/https://mrvl-research.pages.dev/03_ecosystem/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/aws_amazon/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/aws_amazon/Profile of Amazon Web Services as Marvell's largest hyperscaler customer. Covers Trainium 2/3 silicon partnership, ~$1.7-2.3B FY26 revenue exposure, Anthropic-Amazon connection, Project Rainier, and capacity utilization risks.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/broadcom/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/broadcom/Profile of Broadcom Inc. as Marvell's primary direct competitor. Covers AVGO vs MRVL on custom silicon (Google training, Meta Iris, OpenAI), optical (Tomahawk-Bailly CPO), networking dominance, and FY revenue scale (~$50B vs MRVL ~$8B).Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/celestial_ai/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/celestial_ai/Profile of Celestial AI, the photonic-fabric optical-chiplet startup acquired by Marvell in November 2025 for $3.25B. Covers Photonic Fabric IP, founders, prior funding, ARR guide, and target hyperscaler/custom-ASIC customer base.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/google_alphabet/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/google_alphabet/Profile of Google/Alphabet as a Marvell partner. Covers Google Cloud Next 2026 announcement of inference TPU + Memory Processing Unit (MPU) collaboration with Marvell + MediaTek, Broadcom's continuing role on training TPUs, and the TPU 8t/8i timeline.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/meta_platforms/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/meta_platforms/Profile of Meta Platforms as a Marvell custom-silicon customer. Covers MTIA Arke inference-only sub-variant partnership, Broadcom dominance on training (Iris), Meta's $115-135B 2026 capex framework, and multi-GW deployment plans.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/microsoft_azure/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/microsoft_azure/Profile of Microsoft / Azure as a key Marvell custom-silicon customer. Covers Maia 100 ramp, Maia 200 delay to 2026, Azure $80B backlog, and Marvell's role in optical interconnect for Azure AI clusters.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/nvidia/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/nvidia/Profile of NVIDIA as a Marvell coopetitor. Covers NVIDIA's reported $2B investment in Marvell (per Tom's Hardware), competitive dynamics on custom silicon design wins, and NVIDIA's role as a customer of Marvell on optical interconnect and DSPs.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/oracle_oci/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/oracle_oci/Profile of Oracle Cloud Infrastructure (OCI) as a negligible direct Marvell customer. Covers Oracle's Nvidia-first ecosystem posture, Stargate $300B context, and the limited indirect optical-module exposure.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/polariton/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/polariton/Profile of Polariton Technologies, the Swiss ETH-Zurich plasmonic-organic hybrid (POH) modulator startup acquired by Marvell on April 22, 2026. Covers origin, IP, funding history, deal terms, and integration trajectory.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/tsmc/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/tsmc/Profile of Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) as Marvell's primary foundry partner. Covers CoWoS advanced packaging dependency, 5nm/3nm/2nm node usage, capacity reservation through 2027, and Taiwan geopolitical risk.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/company_profiles/xconn/https://mrvl-research.pages.dev/03_ecosystem/company_profiles/xconn/CXL/PCIe switch silicon startup acquired by Marvell Feb 2026 for ~$540M; UALink scale-up team augmentationWed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/competitor_disclosures_re_marvell/https://mrvl-research.pages.dev/03_ecosystem/competitor_disclosures_re_marvell/Earnings calls, investor presentations, and public statements from Broadcom, NVIDIA, Cisco, AMD, Intel, and Coherent positioning themselves vs. Marvell in custom silicon, optical interconnect, and networking markets.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/competitors/https://mrvl-research.pages.dev/03_ecosystem/competitors/Detailed competitor matrix spanning custom AI silicon, optical DSP, switching, networking processors, storage, and modulator IP. Includes market share, technology comparison, and threat assessment.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/customer_wallet_share/https://mrvl-research.pages.dev/03_ecosystem/customer_wallet_share/Quantitative analysis of Marvell's silicon wallet share with top-5 hyperscalers, implied revenue, and replaceability stress tests.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/customers/https://mrvl-research.pages.dev/03_ecosystem/customers/Marvell's primary customer concentrations, with emphasis on hyperscaler custom ASIC and optical DSP engagements. Includes revenue concentration data from latest 10-K.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/hyperscaler_disclosures/https://mrvl-research.pages.dev/03_ecosystem/hyperscaler_disclosures/Primary-source disclosures by AWS, Microsoft, Google, Meta, and Oracle on custom semiconductor partnerships, with emphasis on confirmed vs. implied vs. absent Marvell mentions.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/inphi_integration_retrospective/https://mrvl-research.pages.dev/03_ecosystem/inphi_integration_retrospective/Quantitative and qualitative assessment of Marvell's $10B Inphi acquisition (closed April 2021), reviewing synergy realization, goodwill trajectory, product roadmap delivery, talent retention, margin dynamics, and integration friction. Includes lessons for forecasting Polariton + Celestial AI integrations.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/partner_supplier_chain/https://mrvl-research.pages.dev/03_ecosystem/partner_supplier_chain/Supplier-chain analysis from TSMC, Samsung, HBM manufacturers, module OEMs, and Polariton acquisition impact. Counter-party disclosures on Marvell-bound custom silicon and optical components.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/partners/https://mrvl-research.pages.dev/03_ecosystem/partners/Strategic partnerships with foundries, packaging providers, EDA/IP vendors, and technology development partners. Excludes customer relationships covered in customers.md.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/polariton_deal_terms/https://mrvl-research.pages.dev/03_ecosystem/polariton_deal_terms/Detailed terms and mechanics of Marvell's acquisition of Polariton Technologies, announced April 22, 2026. Based on press release; no SEC 8-K filed as of 2026-04-29 (treatment consistent with XConn precedent below MRVL materiality threshold).Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/03_ecosystem/supply_chain_map/https://mrvl-research.pages.dev/03_ecosystem/supply_chain_map/Marvell's supply chain ecosystem: inputs (wafers, HBM, substrates), internal value-add, outputs (custom ASICs, optical DSP, switching). Choke points and risk factors as of 2026.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/04_market/00_overview/https://mrvl-research.pages.dev/04_market/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/04_market/ai_capex_cycle/https://mrvl-research.pages.dev/04_market/ai_capex_cycle/Analysis of 2025–2026 AI infrastructure spending by hyperscalers, capex allocation, and risks to the capex cycle.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/04_market/carrier_5g_exposure/https://mrvl-research.pages.dev/04_market/carrier_5g_exposure/Analysis of Marvell's carrier infrastructure segment, 5G capex cycle dynamics, Open RAN trajectory, competitive threats, and 6G relevance. A small but volatile revenue stream with existential strategic importance.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/04_market/hyperscaler_power_constraints/https://mrvl-research.pages.dev/04_market/hyperscaler_power_constraints/Analysis of power infrastructure bottlenecks constraining hyperscaler datacenter capex conversion. Covers US grid interconnect queues, power equipment lead times, liquid cooling retrofits, and sovereign AI campus timelines that may defer 30% of planned 2026–2028 deployments.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/04_market/industry_dynamics/https://mrvl-research.pages.dev/04_market/industry_dynamics/CPO vs. pluggable optics debate, PAM4 vs. linear optics, 3.2T modulation, HBM constraints, and DSP booking trends.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/04_market/regulatory_landscape/https://mrvl-research.pages.dev/04_market/regulatory_landscape/China export controls, CFIUS, EU AI Act, tariffs, and antitrust implications for Marvell Technology.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/04_market/tam_sam/https://mrvl-research.pages.dev/04_market/tam_sam/Addressable market sizing for Custom AI Silicon, Optical Interconnect, Switching, Storage, and Carrier Infrastructure segments.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/00_overview/https://mrvl-research.pages.dev/05_financials/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/analyst_coverage/https://mrvl-research.pages.dev/05_financials/analyst_coverage/Roster of 30+ MRVL sell-side analysts, consensus PT, ratings distribution, thesis shifts 2024-2026, FY27/FY28 estimate dispersion vs. management $15B target.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/balance_sheet/https://mrvl-research.pages.dev/05_financials/balance_sheet/Consolidated balance sheet snapshot (FY2026 10-K); debt, cash, goodwill, equity; credit ratings; covenant summary.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/capital_returns/https://mrvl-research.pages.dev/05_financials/capital_returns/Dividends, buybacks, share count, SBC, M&A spending; capital returns framework FY24–FY26.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/comparable_transactions/https://mrvl-research.pages.dev/05_financials/comparable_transactions/M&A comp table covering Marvell's own deal history, peer optical/networking M&A, and custom-AI-silicon strategic transactions. Multiples, deal logic, premium analysis.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/comps_valuation/https://mrvl-research.pages.dev/05_financials/comps_valuation/Trading comps (AVGO, NVDA, Cirrus, COHR, MXL); valuation metrics; forward multiples; sensitivity grid.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/dcf_sum_of_parts/https://mrvl-research.pages.dev/05_financials/dcf_sum_of_parts/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/earnings_calls/https://mrvl-research.pages.dev/05_financials/earnings_calls/Transcript-anchored catalog of MRVL earnings calls with verbatim opening remarks, Q&A highlights, dollar figures, FY guidance, and management language shifts. Replaces thin earnings_calls_summary.md.Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/earnings_calls_summary/https://mrvl-research.pages.dev/05_financials/earnings_calls_summary/Earnings call highlights Q1–Q4 FY2026: management commentary on AI, margins, capex, capital returns; language tracker.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/geographic_revenue/https://mrvl-research.pages.dev/05_financials/geographic_revenue/Country-level revenue model, China end-use vs. shipment distinction, BIS export control scenarios, and Taiwan manufacturing concentration risk.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/ip_licensing_revenue/https://mrvl-research.pages.dev/05_financials/ip_licensing_revenue/Analysis of Marvell's residual royalty and licensing income, patent-license deals from Inphi and Cavium era, Carnegie Mellon settlement accounting, and potential for QTL-style revenue expansion.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/q1_fy27_preview/https://mrvl-research.pages.dev/05_financials/q1_fy27_preview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/quarterly_trend/https://mrvl-research.pages.dev/05_financials/quarterly_trend/8-quarter rolling P&L summary (Q1 FY25–Q4 FY26): revenue, gross margin, operating income, net income, EPS, FCF.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/segment_revenue/https://mrvl-research.pages.dev/05_financials/segment_revenue/5-segment revenue breakdown by quarter across FY24, FY25, FY26; AI-driven inflection in Data Center.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/storage_sunset/https://mrvl-research.pages.dev/05_financials/storage_sunset/Analysis of Marvell's legacy storage controller business—a high-margin segment funding AI infrastructure pivot. Examines market contraction, competitive pressure, margin compression, and timeline to immateriality.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/05_financials/working_capital_quality/https://mrvl-research.pages.dev/05_financials/working_capital_quality/8-quarter working capital trend (Q1 FY25–Q4 FY26): AR aging, DSO, inventory composition, DIO, payables strategy, cash conversion cycle; red-flag screening for channel stuffing, inventory buildup, deferred revenue recognition patterns.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/00_overview/https://mrvl-research.pages.dev/06_market_data/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/credit_market_positioning/https://mrvl-research.pages.dev/06_market_data/credit_market_positioning/Analyst-grade fixed-income positioning report on Marvell Technology's $4.5B debt structure, recent Moody's upgrade to Baa2 (Dec 2025), and credit spread dynamics vs. comparable large-cap semiconductors.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/insider_transactions_log/https://mrvl-research.pages.dev/06_market_data/insider_transactions_log/12-month Form 4 narrative: CEO, CFO, COO, and other insiders — grant vests, open-market buys, 10b5-1 sales, tax-withholding transactions.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/institutional_holders/https://mrvl-research.pages.dev/06_market_data/institutional_holders/Top 25 institutional shareholders by form 13F as of Q4 2025 (reporting window ended 2026-02-15). Index dominance, active manager positioning, and Q/Q change.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/options_chain/https://mrvl-research.pages.dev/06_market_data/options_chain/Current options structure: front-month + next 3 months + Jan 2027 LEAPS. Key strikes, open interest, implied volatility, P/C ratio, event pinning.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/share_repurchases/https://mrvl-research.pages.dev/06_market_data/share_repurchases/Buyback authorizations, quarterly repurchase execution, dividend history, share count trajectory FY22–FY26, buyback/dividend yield, peer comparison vs AVGO/AMD/NVDA. NO ATM offerings (unlike LWLG).Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/short_interest_history/https://mrvl-research.pages.dev/06_market_data/short_interest_history/Time-series narrative of short selling activity. % of float shorted, days-to-cover ratio, settlement cycles, correlation with earnings/events (Polariton, POET/Celestial).Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/06_market_data/stock_price_history/https://mrvl-research.pages.dev/06_market_data/stock_price_history/Multi-year OHLC, 52-week range, ATH context, MA-50/MA-200, beta, monthly catalyst annotations from the Cavium era through the Polariton acquisition (2016–2026).Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/00_overview/https://mrvl-research.pages.dev/07_thesis/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/bear_case/https://mrvl-research.pages.dev/07_thesis/bear_case/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/bull_case/https://mrvl-research.pages.dev/07_thesis/bull_case/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/catalysts/https://mrvl-research.pages.dev/07_thesis/catalysts/Forward-looking catalyst calendar: Q2 2026–2028 earnings, analyst day, product launches, industry conferences, customer wins, and M&A. Probability and market-moving potential flagged. Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/dsp_cannibalization_model/https://mrvl-research.pages.dev/07_thesis/dsp_cannibalization_model/Year-by-year TAM projection for standalone PAM4 DSP under LPO and CPO adoption scenarios, with market-share assumptions, ASP migration, and gross margin trajectory for investor impact analysis.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/open_questions/https://mrvl-research.pages.dev/07_thesis/open_questions/Five key questions about Marvell's business that this KB does not yet resolve. Identifies where additional primary-source data is needed. Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/quantum_edge_optionality/https://mrvl-research.pages.dev/07_thesis/quantum_edge_optionality/Assessment of Marvell's potential exposure to quantum networking, edge AI inference, medical biosensing, and adjacent markets. Mostly immaterial through 2027; triggers for 2028+ relevance outlined.Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/risks/https://mrvl-research.pages.dev/07_thesis/risks/Structured risk register covering customer concentration, foundry dependency, HBM allocation, geopolitics, architectural disruption, competitive threat, integration, and macro sensitivity. Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/07_thesis/valuation_framework/https://mrvl-research.pages.dev/07_thesis/valuation_framework/Sensitivity-based valuation framework (NOT a price target). Shows implied market cap and per-share value across FY28 AI revenue scenarios and forward P/E multiples. No predictions, only frameworks. Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/08_sources/00_overview/https://mrvl-research.pages.dev/08_sources/00_overview/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/08_sources/edgar_full_catalog/https://mrvl-research.pages.dev/08_sources/edgar_full_catalog/Wed, 29 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/08_sources/source_log/https://mrvl-research.pages.dev/08_sources/source_log/Tue, 28 Apr 2026 00:00:00 GMThttps://mrvl-research.pages.dev/09_qa/00_index/https://mrvl-research.pages.dev/09_qa/00_index/Tue, 28 Apr 2026 00:00:00 GMT